Strategic Storage Trust VI closes $500 million all-stock merger with SSGT III, growing to 37 facilities

Strategic Storage Trust VI, Inc.

• SST VI completed its all-stock merger with SSGT III on Nov 1, 2026; the deal values SSGT III's real estate portfolio at approximately $500 million.
• Added 12 wholly-owned facilities (9,215 units, 981,465 sq ft), bringing the portfolio to 37 facilities, ~30,000 units and 3.2 million sq ft in 10 states and 3 Canadian provinces.
• Created Series G Convertible Preferred Stock paying 8.85% with a $1,000 liquidation preference and $10.75 conversion price; Extra Space Storage LP signed the investors' rights agreement.
• SSGT III's advisor received $2.0 million in operating partnership units to terminate its advisory agreement immediately prior to the merger.
• Legacy SST VI holders own ~59%, SSGT III holders ~38% and other OP unitholders ~3%; SSGT III holders expect a distribution rate more than 20% higher.